Annual report pursuant to Section 13 and 15(d)

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

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ACCOUNTS PAYABLE AND ACCRUED EXPENSES
 12 Months Ended
Dec. 31, 2023
Accounts Payable and Accrued Liabilities [Abstract]  
ACCOUNTS PAYABLES AND ACCRUED EXPENSES ACCOUNTS PAYABLE AND ACCRUED EXPENSES
Accounts payable and accrued expenses consisted of the following (in millions):
December 31, 2023 2022
Accounts payable $ 5,590  $ 5,307 
Accrued marketing expenses 2,870  2,778 
Accrued compensation 1,394  1,087 
Other accrued expenses1,2
5,631  6,577 
Accounts payable and accrued expenses $ 15,485  $ 15,749 
1Includes liabilities held for sale of $719 million and $160 million as of December 31, 2023 and 2022, respectively. Refer to Note 2.
2Includes cash proceeds of $823 million as of December 31, 2022 received in advance of refranchising our bottling operations in Vietnam in January 2023. Refer to Note 2.